Natuzzi Announces Launch of New Organization and Entry of New Managers – Business Wire (press release)

SANTERAMO IN COLLE, Bari, Italy–(BUSINESS WIRE)–Natuzzi S.p.A. introduced the launch at the moment of a brand new construction in help
of the Group’s progress technique which on the one hand seeks to
consolidate and increase the Natuzzi model positioning globally, and on the
different drive the expansion of Softaly, the Group’s devoted personal label
enterprise division.

Nazzario Pozzi has been named the brand new Chief Officer of the
Natuzzi enterprise unit. Before becoming a member of the Natuzzi Group, Nazzario Pozzi
developed in depth common administration expertise and led model, progress
technique and retail companies at worldwide degree at manufacturers similar to
HUGO BOSS, Salvatore Ferragamo, DIESEL, Baccarat and DARTY.

Gianni Tucci, is assuming the position of new Chief Officer of the
Softaly enterprise unit. Previously, Tucci was EMEA Sales Director for the
Natuzzi Group, having developed a few years of expertise in
merchandising and gross sales inside the “Key account” channel and with
corporations akin to Renault, Nicoletti and LAM Kitchen.

Both administrators will report back to the Chief Executive Officer of the corporate.

At the Board’s assembly, Pasquale Natuzzi – Natuzzi Chairman and
Chief Executive Officer outlined the reasoning behind the brand new construction
and the creation of the 2 divisions: “71% of our core enterprise is
generated by Natuzzi as a particularly well-known model with an in depth
retail presence. The core goals of the brand new Natuzzi division are to
launch the brand new retail enterprise mannequin, targeted on boosting progress by means of
an prolonged and re-balanced product supply, a wider shopper goal
and a brand new excessive visitors retail format. The Softaly division will
nevertheless help the expansion of the B2B channel, leveraging on the product
and manufacturing course of knowhow and international industrial platform of the
Natuzzi Group, which enjoys robust relations with the main
worldwide distribution teams. We belief that Nazzario and Gianni are
properly ready to efficiently deal with this new problem which can
require the help of all the administration workforce”.

The Group additional strengthened its managerial group, hiring new senior
managers with in depth worldwide model administration, merchandising,
retail improvement and retail administration expertise to develop Natuzzi
internationally:

Three in Italy for the administration of Operations, the event of the
community and for merchandising, three within the USA, a keymarket for progress
(one with retail operations duties and two regional managers
for the east coast and west coast), and lastly a Mediterranean Europe
business supervisor to help the event of the Natuzzi model in
the world.

Finally, administration additionally knowledgeable the Board of Directors that it has
began a redundancy process for 355 laid-off staff, (together with 25
staff who resigned voluntarily), because of the conclusion of the
momentary layoff program, scheduled for October 15, 2016 and not
extendable by law.

Natuzzi SpA

The Natuzzi Group, based in 1959 by Pasquale Natuzzi, designs,
produces and sells an in depth vary of sofas, armchairs, residence
furnishings and house equipment. With revenues of Euro 488.5 million in
2015, the Natuzzi Group is the most important Italian furnishings home and the
solely participant with international attain and has eight manufacturing plant, twelve
business workplaces and 363 model shops globally. Ethics and social
duty, innovation, industrial know-how and built-in
administration of its worth chain are the important thing strengths which have made the
Natuzzi Group the market chief. Natuzzi SpA is included within the listing of
corporations with an impressive Legality Rating awarded by the Italian
Anti-trust Authority. It has been listed since May 13, 1993 on the New
York Stock Exchange. The Group is ISO 9001 and 14001 (Quality and
Environment) licensed and OHSAS 18001 (Workplace Safety) licensed.

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